JPMorgan Chase & Co. reduced its stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 46.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 156,582 shares of the company's stock after selling 133,442 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of Enlight Renewable Energy worth $2,700,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its stake in Enlight Renewable Energy by 18.6% in the fourth quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after acquiring an additional 482,129 shares during the last quarter. Barclays PLC lifted its stake in Enlight Renewable Energy by 4,278.2% in the third quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares during the last quarter. Meitav Investment House Ltd. grew its holdings in Enlight Renewable Energy by 4.0% during the fourth quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock valued at $101,910,000 after purchasing an additional 229,255 shares during the period. Vanguard Group Inc. increased its position in Enlight Renewable Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock worth $71,926,000 after buying an additional 35,555 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 38.89% of the company's stock.
Enlight Renewable Energy Stock Performance
NASDAQ:ENLT opened at $15.96 on Wednesday. The business's fifty day moving average is $16.31 and its 200 day moving average is $16.31. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 44.33 and a beta of 1.26. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. Enlight Renewable Energy Ltd has a 52-week low of $14.01 and a 52-week high of $18.48.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The firm had revenue of $114.21 million for the quarter, compared to analysts' expectations of $289.04 million. Research analysts predict that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Wolfe Research downgraded Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Enlight Renewable Energy in a research report on Thursday, March 6th. They set a "buy" rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $20.25.
Read Our Latest Research Report on ENLT
About Enlight Renewable Energy
(
Free Report)
Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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